05 May 2016
Casino Rule: The house always wins. Something to keep in mind for who study the tax system, particularly in light of the recent policy turnaround in regard to the waiver of the Statute of Limitations.
28 Apr 2016
The upcoming national and local elections remind us to exercise our right of suffrage, or the right to elect officials who will best serve the country. It is not only a right but also a responsibility that is entrusted to every eligible citizen in the country. However, as responsible citizens, we should also pay our share of taxes.
08 Apr 2016
The International Accounting Standards Board has amended International Financial Reporting Standard (IFRS) 11, Joint Arrangements, to provide specific guidance on accounting for the acquisition of an interest in a joint operation (‘JO’) that is a business. The amendments address diversity in practice related to the accounting for these transactions.
06 Sep 2007
A codal version of National Internal Revenue Code of 1997 (Tax Code). Including RR 10-2008, RR 16-2008,Consolidated Withholding Tax Regulations, Consolidated Fringe Benefits Tax Regulations